It is reported RIA Novosti.

“The business restructuring involves the completion of passenger car production by the end of June 2019 by the successive closure of two Ford Sollers automobile plants in Naberezhnye Chelny and Vsevolozhsk, as well as an engine factory in the SEZ Alabuga (Elabuga),” the company said.

They added that these measures will lead to a significant reduction in staffing, and in the first place, the reduction will be carried out under the program of voluntary dismissal with the payment of compensation.

Earlier, Deputy Prime Minister Dmitry Kozak confirmed the information that the Ford automaker decided not to pursue an independent business in Russia.